Volkswagen Group China, joint ventures plan to invest 15 billion euros in e-mobility


  • World
  • Tuesday, 29 Sep 2020

BERLIN, Sept. 28 (Xinhua) -- Carmaker Volkswagen Group China announced on Monday that it is planning to invest a total of roughly 15 billion euros (about 17.5 billion U.S. dollars) together with its joint ventures in e-mobility between 2020 and 2024.

According to a statement of Volkswagen Group China, the investment in China comes on top of 33 billion euros already announced by the Volkswagen Group for development in global e-mobility for the same period.

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